Transaction log

  • Jul 18, 2023 - Bought 15 @ $164.32 (1.56% wtg, coffee can)

  • Oct 5, 2023 - Bought 10 @ $107.10 (25 shares, 1.79% wtg)

Dollar General

Location: Goodlettsville, Tennessee

 

Profile

Industry: Discount stores

Sector: Consumer defensive

Theme: Middle class squeezed

5-Year shareholder growth: +4.9%/year

Fair value estimate: $157

Valuation assumption: 6.5% MFCF yield

Insider ownership: 0.55%

Investors: John Zolidis (Quo Vadis Capital)

Estimated fair value history

  • Jan-25 - $151 (6.5% MFCF yield)

  • Apr-25 - $154

  • Jul-25 - $157

History
Dollar Tree is unloading Family Dollar
Dollar Tree is unloading Family Dollar

The 2014 acquisition of Family Dollar has been an albatross for Dollar Tree. With the sale announced this morning, that chapter comes to a close. [trade]

Selling 5 equity stakes, adding to 4
Selling 5 equity stakes, adding to 4

Introducing Coffee Can rule #19: Water the flowers, pull the weeds. [trades]

Rebalancing our dollar store holdings
Rebalancing our dollar store holdings

In July 2021, Dollar General was the darling of the dollar store space while Dollar Tree was the dog. Today, fortunes have reversed. Time to rebalance? [trades]

Adding to defensive stocks
Adding to defensive stocks

Right now a lot of attention is on reopening plays while more defensive plays, e.g. grocery stores and discount retailers, are being neglected. Nice to have the company of noted value investor Charles Akre. [trades]